Establishing a 401(k) retirement plan shows that you care about your employees—an important first step. That plan then becomes an independent legal entity, separate from your business, and subject to strict regulation by the Department of Labor. Advisors at Conry Asset Management are well versed in Department of Labor fiduciary rules as they hold the Accredited Investment Fiduciary® (AIF)® designation.

We can put a 401(k) or 403(b) plan in place, and see that the plan design, investment lineup, and participant education issues are handled properly. Our electronic filing cabinet allows for easy online access to plan documents, quarterly investment monitoring reports, and other archived fiduciary activities.

On an annual basis, we will hold a formal plan review meeting, delving deeply into investment monitoring and lineup enhancements, participant education activities, plan design, and a fiduciary review.

While your employees build their careers, we look after their retirement assets. If they make regular contributions, and we do our job, your employees will be building a financial resource for the future.

Good benefits create good employees.

Be aware, however, that the legal and reporting responsibilities are not perfunctory. In fact, ultimate fiduciary responsibility for a retirement plan falls on the business owner.

A California power utility was charged with offering its employees three mutual funds with relatively high management fees, when lower institutional rates were readily available for the same funds. Merely a bureaucratic oversight? In Tibble vs. Edison International, California's Ninth Circuit Court ruled (March 2013) that the power utility breached its fiduciary duties by failing to secure the best deal for its employees. The ruling demonstrated that the Department of Labor's ERISA requirements must be taken seriously and that businesses have no protection from negligence.

We understand the regulatory compliance and filing requirements and can handle them for you—as we do for many successful firms. Here are some of them*:

*In an alphabetical listing, every other client was selected. It is not known whether the listed clients approve or disapprove of Brendan Conry, David Weigert, Conry Asset Management, Commonwealth Financial Network or the financial/advisory services provided.

Our Retirement Plan Manager (RPM) is a powerful and dynamic system we use to monitor and manage a plan’s investment lineup using custom performance criteria and weightings. A nice feature of RPM is the Fiduciary Filing Cabinet, which provides plan sponsors with online access to view and upload plan documents, quarterly monitoring reports, and other materials, helping you meet your fiduciary responsibilities.

To access the Fiduciary Filing Cabinet, please click on the button below, which will bring you to the login screen. If you do not have a username and password but would like access, please call us at 860.225.0692. To see a sample quarterly report for a sample plan, please use sample@cam.com as the user ID and sample11 for the password.

Investments are not FDIC insured and are subject to risk, including loss of principal amount invested. Investments are not deposits of or obligations of a bank and are not guaranteed.